What will the additional cost of the optimal plan be

Assignment Help Operation Management
Reference no: EM131763464

Given the following information set up the problem in a transportation table and solve for the minimum-cost plan: PERIOD 1 2 3 Demand 550 700 750 Capacity Regular 500 500 440 Overtime 50 50 50 Subcontract 120 120 100 Beginning inventory 100 Costs Regular time $ 60 per unit Overtime $ 80 per unit Subcontract $ 90 per unit Inventory carrying cost $ 1 per unit per month Back-order cost $ 3 per unit per month Suppose that an inventory carrying cost is increased $2 per unit per period. What will the additional cost of the optimal plan be? (Omit the "$" sign in your response.) Additional cost $.

Reference no: EM131763464

Questions Cloud

What is the final amount of the loan payable : What is the final amount of the loan payable that Duck will show on its books, in dollars, just before it repays the loan
What is the monthly payment of the new loan : Walsh university is considering building a new Student Center. The cost building this new Students center is estimated to be 20000000.
What annual interest rate is paul charging you : Financing is available, and the terms are 10% down and payments of $65.00 a month for 40 months. What annual interest rate is Paul charging you?
Analyze what are the pros and cons to living in a society : Analyze what are the pros and cons to living in a society where the rule of man dominates the legal system? Would the rule of man be a better system?
What will the additional cost of the optimal plan be : Suppose that an inventory carrying cost is increased $2 per unit per period. What will the additional cost of the optimal plan be?
Exercise of the call option : What is the maximum strike price where it could be possible that early exercise of the call option is? optimal?
What is moral arithmetic and why is it either good or bad : What is moral arithmetic, and why is it either good or bad? Give an example of moral arithmetic.
Compute depreciation expense on the machinery : Question - Changes in depreciation methods, estimates. Prepare the journal entry necessary to record the depreciation expense on the building in 2008
Determine the optimal contribution margin per pound : Determine the optimal contribution margin per pound of each product and in a total for a week. Why did you handle joint cost the way you did?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd